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621 Farmington Avenue, Hartford, CT 06105
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$1,350,000
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Home Details for 621 Farmington Avenue
Price
$1,350,000
Type
Commercial/Industrial
Total Bathrooms
2
Full Bathrooms
2
Year Build
1964
Lot Size
0.6
County
Hartford
Tax
$46,836
MLS®️ Listing#
24112476
On exitrealty.com
127 days
Property Description
Rare value-add opportunity in Hartford's West End. This 29-unit office-to-apartment conversion is already underway, with all architectural, MEP, survey, and building permits fully approved. The building has been gutted, rough-framed for 12 units, and prepped for plumbing, electrical, HVAC, sprinklers, and interior finishes. Approximately $1.5M in renovations remains to complete the project. The approved unit mix includes 27 one-bedroom units (projected at $1,300/month) and 2 two-bedroom units ($1,500/month), supporting a projected monthly rent roll of $38,100, or $457,200 annually. Located near downtown with off-street parking and strong rental demand, this property offers significant upside for experienced investors or developers looking to take on a value-add conversion. Property is being sold as-is. Showings by appointment only.
- Heating Information
- Natural Gas
- Baseboard
- Hot Water
- Cooling Information
- Window Unit(s)
- Water Features
- Public
- Parking
- Paved
Listing Courtesy: Santana Realty Group LLC - (860) 866-8286. Presented by: Rich Santana
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